Pundits clamoring for GM to sell Saab may be dining on their hats for lunch:  The General's Swedish subsidiary cut its losses over the course of 2007.

That's not saying Saab was in the black; the division managed to lose €233 million ($360 million) in 2007, certainly a staggering sum by any measure.  However, it's considerably less than the €308 million ($474 million) loss Saab saw in 2006.

Saab officials say the diminished loss came not from global sales (down by 7800 cars) but European profits.  9-3s and 9-5s sold in Europe carry a higher price tag than those in the U.S, allowing the company to expand its profit margins.

Saab's CEO Jan-Ake Jonsson hopes to return a profit by 2010, after a number of new products - including the 9-3X and 9-4X crossovers - hit the market.

Source: Automotive News